In a study of young Swedish graduates, socioeconomic status (SES), parent education, and job status were positively correlated with levels of education, where higher status $=$ higher educational attainment. Education was positively correlated with income. Even when controlling for SES, men were more likely to possess high-status degrees and earn a higher income. SES was positively associated with social capital, meaning that having a degree is associated with more resources and ties within a network. Increases in membership to formal organizations were also associated with well-resourced networks. Finally, when social capital variables were included in the model, they reduced the coefficient for education, gender, and region of immigration, implying that social capital has a mediating effect on income.